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Bitcoin has shown signs of price instability. It is constantly falling around the seven thousand dollars ($ 7,000) range, but sometimes reaches the bar of eight thousand dollars ($ 8,000).
Bitcoin has shown some price stability a few days ago. Shortly after, he fell below seven thousand five hundred dollars ($ 7,500).
After this fall, Bitcoin did not give up and tried to stay close to the support bracket of seven thousand five hundred dollars and seven thousand six hundred dollars ($ 7,500 – $ 7,600).
While thereafter, the bulls gained momentum and finally managed to reach the bar of eight thousand dollars ($ 8,000) and even further than eight thousand two hundred dollars ($ 8,200).
Bitcoin could not stay near the resistance level of eight thousand two hundred dollars ($ 8200). That's why it's safe to say that bitcoins will trade somewhere in the price range of eight thousand dollars ($ 8,000).
To date, the total market capitalization of bitcoin is two hundred forty-nine billion dollars ($ 249.5 billion), while that of bitcoin is one hundred and forty-one billion dollars ($ 141.4 billion). ). This makes it possible to measure the total market dominance of bitcoins at around fifty-six percent (56.7).
Bitcoin BTC price chart by Trading View
Bitcoin is trading somewhere in the price range of eight thousand dollars ($ 8,000). The next step is the resistance level of eight thousand two hundred dollars ($ 8200).
If Bitcoin succeeds in breaking this last point, the next milestone, which will also be the 2019 record, will be eight thousand four hundred dollars ($ 8400). The above mentioned price has already been rejected twice.
Bitcoin BTC price chart by Trading View
The following levels of resistance are eight thousand five hundred dollars ($ 8500), eight thousand eight hundred dollars ($ 8800) and nine thousand dollars ($ 9,000). More than that, it's around nine thousand dollars ($ 9,000) and ten thousand dollars ($ 10,000).
At the bottom, the nearest support level is set at seven thousand five hundred dollars ($ 7,500). Support levels have reached the end of the seven thousand dollar ($ 7,000) range.
Bitcoin's trading volume is not that big, and its RSI is also bullish, and the stochastic RSI is also expected to show an uptrend.
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